Sales Contract
The buyer agrees to buy and seller agrees to sell the following goods on the terms and conditions mentioned under.
| CONTRACT NO: SAFAL/MER/9/2026 | Dated: 23 Feb 2026 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
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| Buyer |
Merak Minerals Products S.L.U. C/O FRANCISCO GOYOAGA N. 45 S/N 06009 BADAJOZ, SPAIN |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn: 75% Min, Si: 1.5% Max, S: 0.03% Max, C: 6-8%, Phos: 0.30% Max 10-60 MM (90% Min) |
56 MT 1MT Big Bigs |
1110/MT | US Dollar 62160 |
| TOTAL | US Dollar 62160 | |||
| PACKING | 1MT Big Bigs | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Shipment in March 2026 | |
| LOADING PORT | Dar Es Salaam, Tanzania | DISCHARGE PORT | Bilbao Port, Spain | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not Allowed | |
| PAYMENT TERMS | 30% advance against seller's PFI upon signing of contract and balance within 7 days from date of submission of scanned copy of shipping documents | |||
| Documents | 1) Commercial Invoice-Triplicate, 2) Packing List with statement of origin declaration and approved rex code declaration – Triplicate, 3) Full set of 3 Originals and 3 non-negotiable copies, Signed, “Shipped on Board” Ocean Bills of Lading, Shipper, Consignee & Notify as per Buyer’s request. BL must confirm 14 days of detention & demurrage free at POD. 4) Manufacturer Test Certificate for Quality & Quantity 5) Certificate of Quality, size and bag sealing issued by Alex Stewart, 6) Certificate of Origin from ZRA, 7) Insurance certificate/Policy for 110% of the contract value covering all risks as per Institute Cargo Clause B | |||
| SELLER'S BANK |
Seller's Bank Bank Name: Absa Bank Zambia PLC Account Name: Southern Africa Ferro Alloys Limited Account Number: 1005519 Branch Code: 02-00-01 Branch Name: Kafue House Swift Code: BARCZMLX |
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| BUYER'S BANK | ||||
| INSURANCE | To be affected by the seller against all risks for 110% of the contract value. | |||
| RISK | Risk to pass from seller to buyer after discharge at buyer works and as per Incoterms 2020 including subsequent amendments as applicable on date of this contract | |||
| INSPECTION | Quality inspection by Alex Stewart International Zambia Ltd, Prior loading of trucks at Zambia factory at Sellers cost. Sampling results will be final and binding to both the parties on this contract. | |||
| ARBITRATION |
All Disputes in connection with this Contract or the execution thereby shall be settled through friendly negotiations between the two parties. If no settlement can be reached, the case under dispute shall be settled at a place of jurisdiction commonly agreed to by both parties. The award rendered by the Arbitrator shall be final and binding on both parties. |
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| FORCE MAJEURE |
In case of Acts of God or any other case beyond the control of the parties, the party claiming it needs to prove it by presenting a confirmation issued by the Chamber of Commerce or equivalent government institution in accordance with the rules set by the International Chamber of Commerce (ICC Publication No-421). |
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Accepted and confirmed by:
The Buyer
Merak Minerals Products S.L.U.
Name:
The Seller
_____________
Name: